Thursday, June 25, 2009

IMF - The Irish economy is in the midst of an unprecedented economic correction

The stress exceeds that being faced currently by any other advanced economy and matches episodes of the most severe economic distress in post-World War II history. Banks face extensive losses and double-digit fiscal deficits over the next three years will imply a run up in public debt. The short-term dislocations come on top of a sharp decline in potential growth, implying a modest pace of recovery.

Read On...



Monday, June 08, 2009

NYTimes: Why Home Prices May Keep Falling

From The New York Times:

ECONOMIC VIEW: Why Home Prices May Keep Falling


Despite the uptick last week in pending home sales and recent improvement in consumer confidence, we still appear to be in a continuing price decline....

http://www.nytimes.com/2009/06/07/business/economy/07view.html





Tuesday, June 02, 2009

NYTimes: Let the Kid Be

From The New York Times:i

THE WAY WE LIVE NOW: Let the Kid Be
By